Fiji Village – Friday 6th November, 2019.
The Reserve Bank of Fiji states that the Fijian economy is expected to grow by a lower 1 percent in 2019, from the 3.5 percent growth last year due to the persistent weak business confidence and reduced government spending.
The RBF says latest domestic sectoral performances reveal mixed outcomes.
In the year to October, low ore quality and difficult mining conditions led to a decline in gold production, dwindling construction activity contributed to lower pine (-12.9%) and sawn timber production (-10.8%) and lower foreign demand led to lower woodchip production.Read more…
